SOAS University of London

Department of Economics

Dic Lo

BSc (Econ) (Chinese, Hong Kong), MA (E. Anglia), PhD (Leeds)
  • Overview
  • Teaching
  • Research
  • Expertise
  • Publications



Courses Taught
PhD Students supervised
  • Alexandre Gomes, Central-Local Relations in Chinese Economic Transformation (working title)
  • Christina Wolf, “China’s Impact on Latecomer Industrialisation in Sub-Saharan Africa: On the Interaction between Changing Patterns of Global Demand and Investment Flows and their Mediation through (Industrial) Policy” (working title)
  • Cui Li, Institutional changes and uneven regional development in China after 1978
  • Feifei Dai, Haigui and Local Entrepreneurs: Do study abroad experiences lead a better perform of Haigui?
  • Hassan Sherry, Industrialisation in the MENA Region: The Case of Egypt, Turkey and Iran (working title)
  • Jiayi Han, The Division of Labor and Integration: A Study of Industrialization in the Pearl River Delta Region of China
  • Liv Bjornestad, (Working Title) Institutional Evolution under Systems Transformation: The Case of the Chinese Rural Industrial Sector
  • Matteo Pinna Pintor, “Health, risk reduction, and the microeconomics of capitalist development in China” (working title)
  • Mei Wu, Moving up the Value Chain: Industrial Upgrading in Pearl River Delta, China.
  • Xiaochen Jiang, The determinants and influences of capital structure in Chinese listed manufacturing companies


China and globalisation; industrialisation; Soviet-type economic system and transformation; East Asian economic institutions and development; comparative political economy. China.


For help in contacting SOAS academics and advice on services to business and the community, please contact SOAS Enterprise on +44(0)20 7898 4837 or email
For all press and media enquiries please call +44 (0)20 7898 4135 or email

Available for
Regional Expertise
  • East Asia
Country Expertise


Authored Books

Lo, Dic (2012) Alternatives to Neoliberal Globalization: Studies in the Political Economy of Institutions and Late Development. Basingstoke: Palgrave Macmillan.

Lo, Dic (2001) China’s Transformational Growth: A Structural-Institutional Analysis [in Chinese]. Beijing: Economic Science Press. (Studies in Political Economy)

Lo, Dic (1997) Market and Institutional Regulation in Chinese Industrialisation, 1978-1994. Macmillan & St. Martin''s.

Edited Books or Journal Volumes

Zhang, Y and Meng, J and Lo, D, eds. (2002) Readings in Advanced Political Economy [in Chinese]. Economic Science Press (China).

Book Chapters

Lo, Dic and Wu, Mei (2014) 'The state and industrial policy in Chinese economic development.' In: Salazar-Xirinachs, J. M. and Nübler, I. and Kozul-Wright, R., (eds.), Transforming Economies: Making industrial policy work for growth, jobs and development. Geneva: International Labour Office, pp. 307-326.

Lo, Dic (2013) 'China and world development – beyond the crisis.' In: Yokokawa, N. and Ghosh, J. and Rowthorn, R., (eds.), Industralization of China and India: Their Impacts on the World Economy. Oxon; New York: Routledge, pp. 115-131.

Lo, Dic and Zhang, Yu (2012) 'Centrally planned economy.' In: Fine, Ben and Milonakis, Dimitri, (eds.), Elgar Companion to Marxist Economics. Cheltenham: Edward Elgar, pp. 40-46.

Lo, Dic (2011) 'The Washington Consensus and the China anomaly.' In: Bayliss, Kate and Fine, Ben and van Waeyenberge, Elisa, (eds.), The Political Economy of Development: The World Bank, Neoliberalism and Development Research. Pluto Press.

Lo, Dic and Zhang, Yu (2010) 'China and the quest for alternatives to neoliberalism.' In: Saad Filho, Alfredo and Yalman, Galip, (eds.), Economic Transitions to Neoliberalism in Middle-Income Countries. London: Routledge. (Routledge studies in development economics ; 74)

Lo, Dic (2009) 'China and post-crisis globalisation: towards a new developmentalism?' In: Ghosh, Jayati and Chandrasekhar, C.P., (eds.), After Crisis: Adjustment, Recovery, and Fragility in East Asia. New Delhi: Tulika Books.

Lo, Dic (2008) 'China as a “model” of utilizing foreign capital for economic development: perceptions, observations and interpretation.' In: Assmann, Heinz-Dieter and Chan, Thomas M.H. and v. Filseck, Karin Moser, (eds.), Perceptions and Images of China. Baden-Baden: Nomos.

Lo, Dic (2005) 'Industrial restructuring and corporate governance in China's economic transformation.' In: Smyth, R. and Zhu, C. and Tam, O., (eds.), China's Business Reforms: Institutional Challenges in a Globalised Economy. London: Routledge.

Lo, Dic (2003) 'Consensus in Washington, Upheaval in East Asia.' In: Fine, B. and Lapavitsas, C. and Pincus, J., (eds.), Development Policy in the Twenty-First Century. Beyond the Post-Washington Consensus. London: Routledge, pp. 99-111.

Lo, Dic (2002) 'Principles of the division of labour, technological paradigms, and theories of the labour process.' In: Zhang, Y and Meng, J and Lo, D, (eds.), Readings in Advanced Political Economy [in Chinese]. Economic Science Press [China], pp. 228-238.

Lo, Dic (2001) 'Consensus in Washington, upheaval in East Asia.' In: Fine, B. and Lapavitsas, C. and Pincus, J., (eds.), Development Policy in the Twenty-first Century: Beyond the Post-Washington Consensus. New York: Routledge, pp. 99-111.

Journal Articles

Lo, Dic and Hong, Fuhai and Li, Guicai (2016) 'Assessing the Role of Inward Foreign Direct Investment in Chinese Economic Development, 1990-2007: Towards a Synthesis of Alternative Views.' Structural Change and Economic Dynamics.

Lo, Dic (2015) 'Reshaping the “China Model" [In Chinese].' Zhengzhi Jingjixue Pinglun (China Review of Political Economy), 6 (1). pp. 105-112.

Lo, Dic (2015) 'China confronts the Great Recession: “rebalancing” neoliberalism, or else.' International Papers of Political Economy. (Forthcoming)

Ju, X. and Lo, Dic and Yu, Y. (2013) 'Financial constraints, working capital management, and the sustainability of firm innovation [In Chinese].' Jingji Yanjiu (Economic Research Journal), 48 (1). pp. 4-16.

Ju, X. and Lo, Dic (2012) 'The cost and benefit of banking regulations and controls, Chinese style.' PSL Quarterly Review, 66 (263). pp. 385-402.

Lo, Dic and Zhang, Yu (2011) 'Making sense of China’s economic transformation.' Review of Radical Political Economics, 43 (1). pp. 33-55.

Lo, Dic and Li, Guicai (2011) 'China’s economic growth, 1978-2007: structural-institutional changes and efficiency attributes.' Journal of Post-Keynesian Economics. (In Press)

Lo, Dic and Li, Guicai and Jiang, Yingquan (2011) 'Financial governance and economic development: making sense of the Chinese experience.' PSL Quarterly Review. (Forthcoming)

Lo, Dic (2010) 'World development crisis and the China model [in Chinese].' Zhengzhi Jingjixue Pinglun (China Review of Political Economy), new series, 1 (4). pp. 24-35.

Lo, Dic and Li, Guicai (2009) 'The evolution of the model of Chinese economic growth and its impact on employment [in Chinese].' Jingjililun yu Jingji Guanli (Economic Theory and Business Management), 2009 (12). pp. 25-30.

Lo, Dic and Zhang, Yu (2008) 'Globalisation meets its match: lessons from China’s economic transformation.' Economic and Political Weekly, 43 (52). pp. 97-102.

Lo, Dic (2008) 'Why is China Following a Capital-Deepening Development Path?' Development Studies (9).

Li, Guicai and Lo, Dic (2008) 'Reframing theories of the dynamics of macro unemployment: Neo-Keynesianism versus Neo-claissicism [in Chinese].' Jiaoxue yu Yanjiu (Teaching and Research), 2008 (2). pp. 37-43.

Lo, Dic (2007) 'China’s quest for alternatives to neo-liberalism: market reform, economic growth, and labour.' The Kyoto Economic Review, 76 (2). pp. 193-210.

Li, Guicai and Lo, Dic (2007) 'Reframing theories of the dynamics of macro unemployment: Marxist and Post-Keynesian perspectives [in Chinese].' Dangdai Jingji Yanjiu (Current Economic Research), 2007 (12). pp. 14-17.

Lo, Dic (2005) 'China's nexus of foreign trade and economic growth: making sense of the anomaly'.' Chinese Journal of Economics, 1 (1). pp. 160-193.

Lo, Dic and Smyth, R. (2004) 'Towards a Re-Interpretation of the Economics of Feasible Socialism.' Cambridge Journal of Economics, 28 (6). pp. 791-808.

Lo, Dic (2004) 'Globalisation and comparative political economy: of efficiency, efficient institutions, and late development [in Chinese].' Zhengzhi Jingjixue Pinglun (China Review of Political Economy), 2004 (7). pp. 55-72.

Lo, Dic (2003) 'Foreign Direct Investment and China's Economic Development: Evidence from Sectoral and Regional Analyses.' Jingji Yanjiu [Economic Research Journal], vol. 2. pp. 40-48.

Lo, Dic and Cheng, Yuk-shing (2002) 'Explaining the Financial Performance of China's Industrial Enterprises: Beyond the Competition-Ownership Controversy.' The China Quarterly, 170. pp. 413-440.

Lo, Dic (2002) 'Of the market and the market economy [in Chinese].' Dushu [Reading], vol. n. pp. 128-134.

Lo, Dic (2001) 'China after East Asian Developmentalism.' Historical Materialism, 8 (1). pp. 253-264.

Lo, Dic and Smyth, Russell (2000) 'Theories of the Firm and the Relationship between Different Perspectives on the Division of Labour.' Review of Political Economy, 12 no3. pp. 333-349.

Lo, Dic and Cheng, Y-S (2000) 'Explaining the financial performance of Chinese industrial enterprises.' Jingji Yanjiu [Economic Research Journal], No. 7. pp. 39-47.

Lo, Dic (1999) 'Re-Appraising the Performance of China's State Owned Industrial Enterprises, 1980 - 1996.' Cambridge Journal of Economics, 23, no. pp. 693-718.

Lo, Dic (1999) 'The East Asian phenomenon: The consensus, the dissent, and the significance of the present crisis.' Capital and Class, 23 (1). pp. 1-23.

Lo, Dic and Chan, T.M.H. (1998) 'Machinery and China's Nexus of Foreign Trade and Economic Growth.' Journal of International Development, 10 (6). pp. 733-749.

Lo, Dic (1995) 'Techno-economic paradigm versus the market: on recent theories of late industrialization.' Economy and Society, 24 (3). pp. 443-470.

Working Papers / Reports

Lo, Dic (2006) Making Sense of China’s Economic Transformation. London, UK: School of Oriental and African Studies.

Cheng, Yuk-Shing and Lo, Dic (2004) Firm Size, Technical Efficiency and Productivity Growth in Chinese Industry. London, UK: School of Oriental and African Studies.

Lo, Dic (2004) China’s Nexus of Foreign Trade and Economic Growth: Making Sense of the Anomaly. London, UK: School of Oriental and African Studies.

This list was generated on Sun Jun 26 00:32:50 2016 BST.